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Nov 1, 2012
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but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large stocks that you can quickly bring in to market so that you don't have to truck it from very far. at the end of the day, while a lot of drivers are having a hard time dealing with the shortages, hurricane sandy didn't hit oil production facilities like hurricanes in the past, like katrina did in the gulf of mexico. so while folks are struggling in the northeast, i definitely sympathize, the situation could have been a lot worse if it hit some of the bigger petroleum sector infrastructure systems. >> and so you said prices in some parts of the country
but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large...
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Nov 16, 2012
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>> how would we feel in washington about that? >> would it be a natural security concern in. >> tell him to take his rise above button off. that is not rise above. >> yoplait and the french. >> oui! >> no way, they love mcdonald's. >> we want some sort of a solution to the fiscal cliff, we'd like to see something like that. yesterday on cnbc, alan simpson and erskine bowles weighed in on expectations for the fiscal cliff and the potential for getting a deal done on debt. they joined maria yesterday on "the closing bell" and here's what erskine bowles had to say about america's global competitiveness. >> if we get our house in order the future of america is really bright and question compete with the best and brightest. if we don't, we're well on our way to becoming a second rate power. >> joining to us talk competitiveness and the ifisical cliff is mirkle porter, harvard business school professor and michael great to see you. >> great to see you becky and austan great to see you as well. you are one of our great leaders in trying
>> how would we feel in washington about that? >> would it be a natural security concern in. >> tell him to take his rise above button off. that is not rise above. >> yoplait and the french. >> oui! >> no way, they love mcdonald's. >> we want some sort of a solution to the fiscal cliff, we'd like to see something like that. yesterday on cnbc, alan simpson and erskine bowles weighed in on expectations for the fiscal cliff and the potential for getting a...
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Nov 1, 2012
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this is what leadership's all about, and you can't do this from washington. i hear people talk about how kind of demanding the president do something. the president did what he did yesterday. that's about the extent to which he can play a role, and that's to be consoler-in-chief and make sure the federal government doesn't screw up, i guess, but basically this is a local and state responsibility. the federal government can provide financial support. >> governor, we've been just talking about the hurricane deductible, apparently the states of new york, new jersey and maryland are saying that hurricane deductibles which can be anywhere from 1% to 5% for the value of a homeowner that will not apply in this situation, they say it was not a hurricane when it touched shore on any of those states. you probably have experience with dealing with some of the issues, too, what do you think of this? >> it looked like a hurricane to me. i'm not an expert on whether it's, when it stops being a hurricane. look, you're going to -- there's a price to pay, i know this after th
this is what leadership's all about, and you can't do this from washington. i hear people talk about how kind of demanding the president do something. the president did what he did yesterday. that's about the extent to which he can play a role, and that's to be consoler-in-chief and make sure the federal government doesn't screw up, i guess, but basically this is a local and state responsibility. the federal government can provide financial support. >> governor, we've been just talking...
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Nov 2, 2012
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john harwood in washington. the search for gasoline still one of the biggest issues in the northeast after sandy. look at these lines. they are long, in some cases more than a mile. supply is low. demand is high. that could change after the secretary, secretary napolitano, now allowing more oil tankers into the harbors around here. we'll go live to a gas station in new jersey to get a check on the situation there next. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a sp
john harwood in washington. the search for gasoline still one of the biggest issues in the northeast after sandy. look at these lines. they are long, in some cases more than a mile. supply is low. demand is high. that could change after the secretary, secretary napolitano, now allowing more oil tankers into the harbors around here. we'll go live to a gas station in new jersey to get a check on the situation there next. [ male announcer ] eligible for medicare? that's a good thing, but it...
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Nov 9, 2012
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stocks have been falling pretty rapidly as investor anxiety rises about what's going on in washington. joe mentioned the major averages. traditionally that's a sign that more selling could be ahead and sure enough, take a look at the futures this morning. not looking to rebound today. they are below fair value once again. among our newsmakers ready to talk, we have ralph schlosstein and also cloutiee says uncertainty is keeping businesses from asking him for loans. and at #:00, we'll turn to two former governor, judd gregg and ed rendell both understand the dire consequences of doing nothing to overt the fiscal cliff and what would happen if we went over that fiscal cliff. first before we get to all of that, andrew has this morning's top stories. >>> good morning. we have a big day ahead of us. and the fiscal cliff conversation begins today. president obama will be making a statement on the economy. he'll speak from the east room of the white house at 1:05 eastern time. you can of course catch all of it right here on cnbc. john boehner is also scheduled to hold a you news conference t
stocks have been falling pretty rapidly as investor anxiety rises about what's going on in washington. joe mentioned the major averages. traditionally that's a sign that more selling could be ahead and sure enough, take a look at the futures this morning. not looking to rebound today. they are below fair value once again. among our newsmakers ready to talk, we have ralph schlosstein and also cloutiee says uncertainty is keeping businesses from asking him for loans. and at #:00, we'll turn to...
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Nov 30, 2012
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here is kevin chavez and former washington, d.c. councilman. welcome, kevin. >> it's good to be on. >> i am such a strong advocate the free markets. i do not understand why we don't allow much more school choice and, yes, vouchers to pay for it. >> well, i understand that. i'm a strong advocate for children. the fact is, larry, as we know, many traditional public schools just don't work for the kids. we're at a point where we need to fly the plane while we fix it. there's nothing wrong while we go through this long-term exercise, absolutely nothing wrong with letting innovation and create activity flewish. with some of the scholarships that are going yield, they're being turned on to something they never imagined. i was with a 14-year-old boy yesterday who said he couldn't sleep at night to the thought he may have to go back to his bad school. that just isn't right. >> that is not right. i hope the facts are right. 953 of the 1373 schools in louisiana, 953 -- that's well over half of these schools, get rated c, d or e. that's incredibly bad. ho
here is kevin chavez and former washington, d.c. councilman. welcome, kevin. >> it's good to be on. >> i am such a strong advocate the free markets. i do not understand why we don't allow much more school choice and, yes, vouchers to pay for it. >> well, i understand that. i'm a strong advocate for children. the fact is, larry, as we know, many traditional public schools just don't work for the kids. we're at a point where we need to fly the plane while we fix it. there's...
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Nov 14, 2012
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also the subject of that press conference. >>> certainly it is a big day in washington. we just wrapped up that news conference. but the president is not done. he'll meet with 12 ceos in the white house right now, mostly consumer focused industries. they will work together to figure out how business could help perhaps rise above the partisan rhetoric to fix this fiscal cliff. we've got our all-star team ready to tackle all of it. john harwood, my take-away from the news conference was this -- aside from everything else, you heard the president sticking to his guns about raising tax rates on those making more than $250,000, something john boehner said he is unlikely to support. that seems to be the entire crux of the fiscal cliff stalemate. >> well, it's only part of it, brian, because you've also got the issue of entitlements. you notice the president got a question at the tail end of that news conference on the spending side which he didn't address because he hadn't called on our colleague who asked the question. on taxes, what you heard from the president was a practic
also the subject of that press conference. >>> certainly it is a big day in washington. we just wrapped up that news conference. but the president is not done. he'll meet with 12 ceos in the white house right now, mostly consumer focused industries. they will work together to figure out how business could help perhaps rise above the partisan rhetoric to fix this fiscal cliff. we've got our all-star team ready to tackle all of it. john harwood, my take-away from the news conference was...
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Nov 16, 2012
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and he said the same to his republican representatives in washington. he said that he'll back each of us, regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress, he'll be back in touch. >> so here now from nashville is steve wise. he's the author of that letter and he's the president and ceo of identified, inc. steve, welcome. congratulations. i want to ask you briefly. in the first term, president obama on the stimulus package and on obama care, there was no compromise. there was no reaching across the aisle. do you believe, sir, that in the second term president obama will change and will find common ground with republicans? >> well, larry, i'm an optimist. i believe that you need to give people a chance, you need to tell them you support them and then you need to hold them accountable. that's why i felt that i needed to send that message off to the president and to my representatives, really telling them that time is now. we can't wait any longer. we've got to do
and he said the same to his republican representatives in washington. he said that he'll back each of us, regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress, he'll be back in touch. >> so here now from nashville is steve wise. he's the author of that letter and he's the president and ceo of identified, inc. steve, welcome. congratulations. i want to ask you briefly. in the first term, president...
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Nov 14, 2012
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i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thing that separates the two parties is the democrats supposedly wanted to raise tax rates and the republicans want to raise the effective tax rate. so what's the hysteria about? there's no -- there shouldn't be any hysteria about the fiscal cliff. look, our deficit for fiscal october, the month, one month, was $120 billion. for one month. that's 22% higher than it was last year. that's the real fiscal cliff, not this rouge we're worried about. >> you know, we heard from the president now for the first time. it seems like the president is digging in. everybody of's digging in. it feels like a dÉjÀ vu to me. i'm hoping we get a compromise, but are we still talking about ideologies that are leading things? are we ever going to get an agreement? do we just go over it? what are the implications? >> who's that to? >> rick santelli. >> well, listen, i never was a believer that after this preside
i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thing that separates the two parties is the democrats supposedly wanted to raise tax rates and the republicans want to raise the effective tax rate. so what's the hysteria about? there's no -- there shouldn't be any hysteria about the fiscal cliff. look, our deficit for fiscal october, the month, one month, was $120 billion. for one month. that's 22% higher...
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Nov 15, 2012
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question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement reform. meantime, i think stocks are warping these guys you're going to put us on the precipice of a recession, and that's bad for earnings and stocks. >> the fed has done the same thing. they've come out in recent weeks and said instead of just buying $45 billion of bonds every month, we may have to double that and extend it out further. >> richard fisher of the dallas fed told me last night they don't do that. actually, that's not fair. he said in his opinion they shouldn't do that. we don't know, you might right. mike of "forbes," thank you very much. >>> this is truly the video of the day. the israelis get their man. th
question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement...
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Nov 30, 2012
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and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> we want to show you what's happening with the oil trade. we've seen prices buffeted by renewed unrest, but today both light crude and brent are showing a bet of a retracement, down about 0.3%. head of commodities market strategy at bnp paribas joining us. harry, we wanted to get a sense from you as the senate is expected to debate new measures that could include banning sales and transfers of special metals to iran. how the breakdown in talks with the iaea is playing into the oil trade and concerns about mideast mo
and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday...
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Nov 9, 2012
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seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking news. welcome back to the show house gop chief deputy whip peter roskam from the great state of illinois. peter, great to see you as always. a lot of movement now. i want to ask you, do you think it's possible here, post-election, as the stock market literally hammers washington with the selloff? will democrats and republicans rise above partisan politics and get us something that can work? >> i think that there's a tremendous opportunity, larry, and here's why. speaker boehner, yesterday, gave a statement, a 10 or 12-minute statement and offed his sincere c
seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking...
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Nov 15, 2012
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"the washington post" this morning is fairly hawkish on what is going on. it talks about if it is drawn out, triggering potentially a barrage of retaliatory attacks from many sides and then worsening relations between egypt and israel. that doesn't necessarily though still knock on to the oil trade, does it? >> no, it really doesn't. that's what we have to keep watching. the bad word we don't want to hear is iran, obviously. iran is going to give missiles, that's a given. the question is what does iran do, if they poise troops, it will open up completely and it gives israel all it needs and they will attack and attack hard in iran. >> the qe 4 may be on the cards for next year, are you disappointed that it hasn't done more for the markets? >> they did a good job last time in starting to go after the housing market, the problem is they can't just throw a qe-4 out there, it has to be a pinpoint target, change lending standards, make things happen, get congress together. what about infrastructure? we don't hear a word about it. so i think what the fed is going
"the washington post" this morning is fairly hawkish on what is going on. it talks about if it is drawn out, triggering potentially a barrage of retaliatory attacks from many sides and then worsening relations between egypt and israel. that doesn't necessarily though still knock on to the oil trade, does it? >> no, it really doesn't. that's what we have to keep watching. the bad word we don't want to hear is iran, obviously. iran is going to give missiles, that's a given. the...
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Nov 9, 2012
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. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in a
. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary....
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Nov 19, 2012
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i think that didn't get lost on washington. they remember the talk and remember when they saw 700 points melt from the dow because of something that happened in washington. i think that they said, look, we will go before the cameras and -- we may be general but we will be there. if you actually go back and look at what they said, they each gave different closing dates f
i think that didn't get lost on washington. they remember the talk and remember when they saw 700 points melt from the dow because of something that happened in washington. i think that they said, look, we will go before the cameras and -- we may be general but we will be there. if you actually go back and look at what they said, they each gave different closing dates f
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Nov 12, 2012
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how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney is on the retail hot seat while wall street speculated on its future with former apple executive ron johnson at the helm. but while one retailer struggles, cramer may have found one that's cleaning up. the big reveal is ahead. and later, red rising? con concerns over a slowdown in china hampered markets here at home. there are signs that could be changing. tonight, cramer is sifting through the facts to find the tough ways to play a potential turn around in the people's republic. >>> plus, trunkin'? westport innovations seemed out of gas after reporting last week. but then went into overdrive after the announcement it would be making engines
how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney is on the retail hot seat while wall street speculated on its future with...
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Nov 14, 2012
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why isn't the market being laid to waste by the big issues in washington? ♪ >> today the dow closing down 59 points and the nasdaq declining. isn't it logical to ask why we have not been clubbed into bearish submission considering the radical changes and spending cuts that can stop any economy in it's tracks. [ sound of train ] >> i mind why we aren't pummeled instead of being unchanged like yesterday is because there are factors that need to be flushed out on this show. ones that may explain why things aren't going the intuitive way. the market is hopeful a deal can be reached. i find this hope somewhat incredible given the terrible track record of congress and the president. and the huge goal between the parts. after all, if you are president obama, you believe the election is over and your campaign received a ringing endorsement. but if you are a republican, you have to believe that those republicans that do not want to rise above politics are banking on massive declines in spending to wreck the economy. if you are a republican, in permanent campaign m
why isn't the market being laid to waste by the big issues in washington? ♪ >> today the dow closing down 59 points and the nasdaq declining. isn't it logical to ask why we have not been clubbed into bearish submission considering the radical changes and spending cuts that can stop any economy in it's tracks. [ sound of train ] >> i mind why we aren't pummeled instead of being unchanged like yesterday is because there are factors that need to be flushed out on this show. ones that...
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Nov 20, 2012
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they are comparing hamas to george washington. they were calling israel terrorists. this does not look like a government that is ready. >> that is the whole bloody problem. you just nailed it. thanks for helping us out. >> good to be with you. >> big business versus big labor. a black friday worker walkout, the nation's largest retailer is fighting back. but can customers expect business as usual at walmart on friday? i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every d
they are comparing hamas to george washington. they were calling israel terrorists. this does not look like a government that is ready. >> that is the whole bloody problem. you just nailed it. thanks for helping us out. >> good to be with you. >> big business versus big labor. a black friday worker walkout, the nation's largest retailer is fighting back. but can customers expect business as usual at walmart on friday? i don't spend money on gasoline. i am probably going to the...
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Nov 19, 2012
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-ed in "the washington post" that's worth reading. "i and my fellow budget geeks can generate discretionary savings for negotiators in a jiffy. tell me how many hundreds of billions you want cut and in a minute i can give you back a new set of annual discretionary limits for the decade." that's the ple. "if policy makers want to save medicare and social security or want additional revenue they must in relatively short order come up with a specific way to reduce programs or raise that revenue. the lines on the spreadsheet must be filled with painful decisions about premiums and copays, benefit levels and tax rates." david, thank you for coming in this morning. >> my pleasure to be here. >> when you talk about those details we don't talk about those specifics about what the copay rate has got to be, for example. do you have any expectation that as we try to solve the "fiscal cliff" that we're going to be getting those details and do we need them to not go over it? >> first i do have, i am hopeful we'll be getting some details over the n
-ed in "the washington post" that's worth reading. "i and my fellow budget geeks can generate discretionary savings for negotiators in a jiffy. tell me how many hundreds of billions you want cut and in a minute i can give you back a new set of annual discretionary limits for the decade." that's the ple. "if policy makers want to save medicare and social security or want additional revenue they must in relatively short order come up with a specific way to reduce programs...
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Nov 15, 2012
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the mood on wall street is much like in washington, indecisive. stocks are off session lows despite continued concerns about the fiscal cliff, the eurozone recession, all the usual suspects. right now the dow after a zigzag kind of day is down 53 points. earlier down as many as 70 points. about a 100-point range today. since the election, the dow has wiped out roughly 5% of its value. maria. >> all right. thank you so much, bill. this market is down about 5% since the presidential election. of course, worries and uncertainty about whether or not we'll go over the fiscal cliff largely viewed as the main culprit as well as the uncertainty over where tax rates will be. my next guest says we are going off of the cliff. joining me now is mario cabelli. he joins me here at the schwab impact conference in chicago. >> maria, my privilege. >> let's talk about it. your take on the markets and fiscal cliff. i want to begin there. >> it's pretty simple. in september of '08, the market went down when they couldn't prove the t.a.r.p., and you watched it on tele
the mood on wall street is much like in washington, indecisive. stocks are off session lows despite continued concerns about the fiscal cliff, the eurozone recession, all the usual suspects. right now the dow after a zigzag kind of day is down 53 points. earlier down as many as 70 points. about a 100-point range today. since the election, the dow has wiped out roughly 5% of its value. maria. >> all right. thank you so much, bill. this market is down about 5% since the presidential...
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Nov 30, 2012
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stocks eking out gains as traders wait on washington. a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. this is much more than a single stock story because yum is looked at as a barometer for china growth. >> this year as mcdonald's was signaling that china was weakening we are seeing sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. just gave guidance on october 10. to me they may have a bit of a credibility problem. the other one we were talking about is tiffany's. they have downgraded yesterday and that was also based on china. you are getting it on both sides of the spectrum. >> that is a great point in terms of their guidance. that is what caught the markets by surprise given the proximity of the most recent guidance. now they
stocks eking out gains as traders wait on washington. a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. this is much more than a single stock story because yum is looked at as a barometer for china growth. >> this year as mcdonald's was signaling that china was weakening we are seeing sales trends weaken. yum was doing fantastically in both regions. yum gets it...
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Nov 28, 2012
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maybe the market has to fall a lot to get washington to do the right thing. maybe they have to take over. >> it could be larry that we need this bungee cord and it is so painful that they get together a deal. it is that type of thing, we saw it happen in august of 2011. and the market fell, i think 13% in a few days and washington got it's head together on that. i think it was last year, it wasn't until the 23rd of december and i think it was the 17th of the year before. >> i agree. bad bad bad in the short run. may be badder in the long run. jeff thank you. that is it for this evening's show. thank you for watching. we'll keep working on it. we'll be back tomorrow night. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they
maybe the market has to fall a lot to get washington to do the right thing. maybe they have to take over. >> it could be larry that we need this bungee cord and it is so painful that they get together a deal. it is that type of thing, we saw it happen in august of 2011. and the market fell, i think 13% in a few days and washington got it's head together on that. i think it was last year, it wasn't until the 23rd of december and i think it was the 17th of the year before. >> i agree....
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Nov 13, 2012
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i'm proud that you are the guy going down to washington tomorrow. that is the chairman and ceo of honey well. for the fix the debt campaign and the american peopwho underss the crisis that we are in. >> come up coming up. the clock is ticking. find out how to fire away at cramer. can he withstand your onslaught of stops? and later, ready for takeoff? >> shares have been caught in a holding pattern this year. but could the flight path be changing or will fiscal cliff concerns keep it grounded? cramer is taking out his tool set to read the plan. coming up on "mad money." sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two
i'm proud that you are the guy going down to washington tomorrow. that is the chairman and ceo of honey well. for the fix the debt campaign and the american peopwho underss the crisis that we are in. >> come up coming up. the clock is ticking. find out how to fire away at cramer. can he withstand your onslaught of stops? and later, ready for takeoff? >> shares have been caught in a holding pattern this year. but could the flight path be changing or will fiscal cliff concerns keep it...
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Nov 21, 2012
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anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> incredible intrusion into your personal freedom. vermont senator the leading democrat sponsoring this bill denies supporting his own bill. what happened? did he miss the part about rights? we have ckathrine mangaward thi is really something. don't need a search warrant to go into your e-mails. in fact you don't eve
anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too....
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Nov 23, 2012
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corporate leaders calling on compromise in washington. we have the ceo of motorola. "squawk" on monday at 6:00 eastern in the morning. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> >>> day after thanksgiving. not a line but definitely people out and about on this friday morning. coming up, we are going to give dana the last word on the consumer and then on monday on "squawk" don't miss it. motorola solution ceo greg brown warning congress that doing nothing on the fiscal cliff will be undermining the economy. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you kno
corporate leaders calling on compromise in washington. we have the ceo of motorola. "squawk" on monday at 6:00 eastern in the morning. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> >>> day...
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Nov 28, 2012
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tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil kwonss of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. what we're seeing now is something which was supposed to be totally draconian, increases in old tax rates, coupled with automatic cuts in spending may not be unpalatable to change the minds of intransit politician. that's because right now that the very moment many of those politicians believe rising above politics is political suicide, that compromises the real and dreaded enemy and that this pin right here, this rise above, this is the very devil when it comes to their career. you know, what i get this. come on, i'm cynical, i get it. if you believe an entitlement should never, ever be cut and should be expanded upon, you might fav
tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil kwonss of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. what we're seeing now is something which was supposed to be totally draconian,...
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Nov 29, 2012
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in fact, if you listen to, it again, i'm not a master of the political art here, i'm in washington but i would say if you had these points of views in a business context, as close as they are, i would say a deal would be in reach. >> you see some fundamental level of optimism from lloyd blankfine but a long way to go with the combination of prief pressure and public pressure, like the president is going to exert before we actually go to the flight of fired. i asked the treasury secretary should the president return to wall street. he it must be someone who understands markets, marry. >> me have 33 days to -- head of all pi he told john harwood. marge i will hates have to go up somewhat. he said that's going to put a drag on the economy but we have to do something about the deficit. i don't really understand reasonings. i think he needs to go back to economic then i would argue the deficit gets worse because the revenues don't come in because the unemployment rate goes up. >> you're absolutely right. france instituted a 75% marginal tax great early last night grease going we've got to m
in fact, if you listen to, it again, i'm not a master of the political art here, i'm in washington but i would say if you had these points of views in a business context, as close as they are, i would say a deal would be in reach. >> you see some fundamental level of optimism from lloyd blankfine but a long way to go with the combination of prief pressure and public pressure, like the president is going to exert before we actually go to the flight of fired. i asked the treasury secretary...
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Nov 27, 2012
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he doesn't -- this is why they sent him to washington. he doesn't want to sell them out in that regard. >> i don't know what that means. >> but you get politicians behind closed doors, and they might say something different. i don't know. where are we? the market is selling off. we're going back to the loes of the session. we were down over 80 points earlier. now down 77 on the dow. >> our next guest seeing any market pullback as an attractive buying opportunity. that's ahead. that bullish call up next. i could use a little optimism. >> is it a full moon today? there's something going on. >> it might be. >>> later, playing the lottery. it you're doing that, listen up. we have $500 million worth of advice. how you can minimize the potential taxes that could be much worse because of the fiscal cliff. that's coming up later on the "closing bell." [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the a
he doesn't -- this is why they sent him to washington. he doesn't want to sell them out in that regard. >> i don't know what that means. >> but you get politicians behind closed doors, and they might say something different. i don't know. where are we? the market is selling off. we're going back to the loes of the session. we were down over 80 points earlier. now down 77 on the dow. >> our next guest seeing any market pullback as an attractive buying opportunity. that's ahead....
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Nov 5, 2012
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>> i think compromise is always possible in washington. you know, it's standard in any kind of negotiation, including negotiations in business between management and unions for things to go down to the 11th hour, that doesn't mean things are falling apart. it's the nature of the game, way it's played. our government has managed to get through many, many crises and despite the rhetoric and despite the hostility, we do tend to get things done eventually. it would be a lot nicer if people were more civil to one another, but the reality is the government is actually pretty effective in the long run at getting things done. i'm always an optimist on this and i think we can do it. >> we know you two disagree on a wide range of policies from taxes to the role of government. where do you find common ground? what do you agree on? austan? >> eddy and i have been friends for a long time. it's funny, we were together a few days ago and thinking about that exact subject. i thnk we have pretty broad agreement on tax reform, if you're going to do tax refo
>> i think compromise is always possible in washington. you know, it's standard in any kind of negotiation, including negotiations in business between management and unions for things to go down to the 11th hour, that doesn't mean things are falling apart. it's the nature of the game, way it's played. our government has managed to get through many, many crises and despite the rhetoric and despite the hostility, we do tend to get things done eventually. it would be a lot nicer if people...
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Nov 15, 2012
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washington has to rise above. the congressally mandated bear market, we're all feeling the pain and we all deserve better. "mad money" will be right back. >>> coming up, sale or sell? no shortage of opinion on jcpenney. investors bet big on the turn around story, sold by former apple exec ron johnson. so far, the stock hasn't fit the mold. will the holidays fit the boost, or time to try on some new digs in the sell block. >>> later, you're invited. the party is not over. cramer has found more stocks that have reason to celebrate, after delivering upside earnings surprises. this biotech name got a dull response to report in october. but wall street skipped out on its invite, there may be room for you to profit. plus, paper from plastic? buy, swipe, or tap. consumers are putting more payments than ever on credit. looking to cash in on all those cards? cramer is sitting down with the ceo of bank card processor, heartland payment systems to see if they can help you rack up rewards. all coming up on "mad money." >>> do
washington has to rise above. the congressally mandated bear market, we're all feeling the pain and we all deserve better. "mad money" will be right back. >>> coming up, sale or sell? no shortage of opinion on jcpenney. investors bet big on the turn around story, sold by former apple exec ron johnson. so far, the stock hasn't fit the mold. will the holidays fit the boost, or time to try on some new digs in the sell block. >>> later, you're invited. the party is not...
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Nov 19, 2012
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let's go to gasdod in washington. >> caller: jim, how's it going? big boo-yah from the great northwest. >> fantastic. thank you. what's going on? >> caller: not much. i'm concerned about ford. i'm wondering where it is heading with this fiscal cliff looming and the recent hurricane sandy. >> ford, i have to till, ford is a european play. they have so much europe that they can pull down everything. until they get europe under control, you cannot own ford. can i go to virginia in indiana, please? >> caller: what do you say? >> i think garmin is cheap. i think that it's always going to be cheap. i like the stock. i told people to buy it. it has not worked out. i continue to think it is a very inexpensive stock. it does need a cat lifrt. there are guys telling you to sell it. i think they're wrong. wow. okay, hertz has taken the wheel. the rental car business is zooming and hertz is your best play. buy, buy, buy! >> i can not believe how good this industry is after how bad it was for so long. stay with hertz. stay with cramer. >>> coming up, you are rea
let's go to gasdod in washington. >> caller: jim, how's it going? big boo-yah from the great northwest. >> fantastic. thank you. what's going on? >> caller: not much. i'm concerned about ford. i'm wondering where it is heading with this fiscal cliff looming and the recent hurricane sandy. >> ford, i have to till, ford is a european play. they have so much europe that they can pull down everything. until they get europe under control, you cannot own ford. can i go to...
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Nov 20, 2012
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if washington won't rise above, they face cramer's consequences. he's got a new wall of shame and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." ife our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> it's time for the lightning round. are you ready? time for the
if washington won't rise above, they face cramer's consequences. he's got a new wall of shame and it's about to get its first members. the storm of shame is coming. don't miss out. all coming up on "mad money." ife our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our...
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Nov 14, 2012
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they were unique in washington and we can't carry the ball. >> in a nutshell, how does the economy look to you? our job growth is running above 3%. we have other sections of the country not running so well. it is just a number and the second half of this year? but that is not enough to create the jobs that will put the american people back to work. that will not happen until the politicians get their act together. >> i must say, sir, i couldn't agree more. i think you are debt right. >> thank you. >> the idea solving the fiscal cliff crisis with tax deductions may raise revenue from the wealthy. the full story on that coming up next. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i
they were unique in washington and we can't carry the ball. >> in a nutshell, how does the economy look to you? our job growth is running above 3%. we have other sections of the country not running so well. it is just a number and the second half of this year? but that is not enough to create the jobs that will put the american people back to work. that will not happen until the politicians get their act together. >> i must say, sir, i couldn't agree more. i think you are debt...
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Nov 18, 2012
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sweet talk out of washington, but there's only one stock america is watching right now, apple. it reversed and closed flat for the session, setting up for an apple rally. let's get in the money and find out right now. ennis, what did you make of the action? >> i was trading a lot of apple today, you can follow us on twitter and on the site. we were buying call spreads yesterday, buying more today. we were looking for capitulation that says, i just want out, painful, painful press action. >> it's a big swoop down. on heavy volume. >> this was the largest volume since march, the middle of march on apple. we saw it on a rapid, down $10, up $10, over the course of 30 minutes, a short-term bottom. this doesn't mean happy days are here again and apple is going back to 700. no way do i think apple hits 700 again. but it's a short-term bottom. >> the relative strength in apple hit the weakest point. since 200. actually, more recently, when we saw it get back to levels, we saw a quick 15% rally. apple such a big component of the market, everybody sitting here assuming that the market's
sweet talk out of washington, but there's only one stock america is watching right now, apple. it reversed and closed flat for the session, setting up for an apple rally. let's get in the money and find out right now. ennis, what did you make of the action? >> i was trading a lot of apple today, you can follow us on twitter and on the site. we were buying call spreads yesterday, buying more today. we were looking for capitulation that says, i just want out, painful, painful press action....
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Nov 15, 2012
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they want everybody to rise above what's going on in washington. have you expressed that to either president obama or any of the political leaders here in this country, they need to rise above their partisan bickering and fighting and come to an agreement? >> i haven't, but i think that what you saw here today is an example -- an actual example of how the collective resolution with the shared objective can yield incredible results in a short period of time. i sincerely hope that for whatever it's worth, as little of an example as it is, that it is a lesson for people in washington. >> phil will continue with his interview with sergio marcione. apologize if it was a little loud if you were trying to listen to what that gentleman was saying. it looked like they were in some sort of manufacturing facility. i don't think it's lost on him or anybody of the dire consequences that do exist if we do go over the fiscal cliff. that's why we've been calling on leaders in washington to rise above and make a deal on the cliff. how likely is a compromise and wha
they want everybody to rise above what's going on in washington. have you expressed that to either president obama or any of the political leaders here in this country, they need to rise above their partisan bickering and fighting and come to an agreement? >> i haven't, but i think that what you saw here today is an example -- an actual example of how the collective resolution with the shared objective can yield incredible results in a short period of time. i sincerely hope that for...
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Nov 15, 2012
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>>> washington, the markets are sending you a message. and they won't stop selling until you listen. >> the fiscal cliff is the most pressing. i'm not totally convinced they'll be able to figure it out because this is, as i say, feels like there's one last celebrity death match that's lingering in there. >> and it's not just fiscal cliffs to worry about. >> we've learned that israeli ground forces are on the move toward gaza. comes after markets were fired from been the palestinian controlled region. >> can the regular trader even keep up? >> you know, we've spent 13 years developing a good computer system and developing intellectual property around those trading systems. so the notion that a guy can kind of trade and just kind of do it as hobby and compete, i'm not going to say it's impossible, but yeah, that might be a little bit hard. >> that's what we're here for. "fast money" begins right now. >>> live from the nasdaq market site in new york city's times scare, i'm melissa lee. mastering mobile. it's tripped up many chip makers. we h
>>> washington, the markets are sending you a message. and they won't stop selling until you listen. >> the fiscal cliff is the most pressing. i'm not totally convinced they'll be able to figure it out because this is, as i say, feels like there's one last celebrity death match that's lingering in there. >> and it's not just fiscal cliffs to worry about. >> we've learned that israeli ground forces are on the move toward gaza. comes after markets were fired from been...
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Nov 19, 2012
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ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. so grab hold, it's going to be a rocky, rocky road. >> so you're saying closing the loopholes alone brings it to a trillion. >> if you're willing to wipe out all of them, and that may not be political feasible, but you can definitely solve the problem by broadening the base, simplifying the code and getting rid of the tax expenditures. >> it upsets me you're worried we're not going to get a deal because that's how i felt. >> i think there is a one-third
ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan...
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Nov 29, 2012
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there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll hear the same thing from nancy pelosi, the minority leader in the house. >> i think you're right. obviously the democrats have been saying the republicans aren't serious. the republicans have been saying the democrats aren't serious. i've been trying to get a sense of what she might say. they're very aware the movements if the market today have been very much pegged to what these members of congress are saying. whenever whatever we hear her say, you can be very sure she's saying it intentionally and clearly and be aware it might have a market impact. t
there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll...
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Nov 28, 2012
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all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel can i help you? i heard you guys can ship ground for less th
all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy....
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Nov 19, 2012
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washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market. you can look at a chart overlaid with the stock market. we were following themmer earlier, especially with the opening you describe, then it started to fall off. treasury market seems unimpress unimpressed. i'm in agreement with art, which is a good thing because art is mostly right, that is, nobody's driving the car from a political standpoint. that's the only time i can say a car without a driver is a safer car to be in. the market is reflecting that. if you want to look at something to give you a good clue, watch the euro relationship with our
washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market....
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Nov 27, 2012
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many thanks to john harwood coming from washington, d.c. now, with everyone in washington talking tax hikes, whatever happened to spending cuts? that's really my question. spending cuts and limited government and private sector free enterprise and growth. here now is cnbc contributor and democratic vat gist keith boykin, a former clinton white house aide and best selling author and talk show host larry elder, out with a new took, "dear father, dear son." larry already the show talking about the book. there may be a deal on taxes, i have no idea, but i don't hear any reductions in spending. wasn't $1.2 trillion sequester, larry. that seems to be gone, the across-the-board cuts. i want to ask you do you think it's possible that this whole exercise could wind up enlarging government, increasing the entitlement state and not doing what many of us want it to do? >> let me think about that. i've thought about that. unfortunately, larry, you are right. one of the republican favorite exercise according to my friend tom sowell is running for the him
many thanks to john harwood coming from washington, d.c. now, with everyone in washington talking tax hikes, whatever happened to spending cuts? that's really my question. spending cuts and limited government and private sector free enterprise and growth. here now is cnbc contributor and democratic vat gist keith boykin, a former clinton white house aide and best selling author and talk show host larry elder, out with a new took, "dear father, dear son." larry already the show talking...
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Nov 29, 2012
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sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from raising taxes, but you haven't cut spending. you're just putting off another disaster. it's so obvious you should raise the retirement age in the united states. there are easy, noncontroversial things. >> we're living until 100 now. we still vice president chanhad retirement age. >> i think $250,000 is a joke. if you have three kids in college, you're lost at $250,000. you can't afford to pay for your house and your kids' college. that's no longer rich in the united states. >> look, let's be honest. the average income, i guess, is $40,
sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from...
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Nov 7, 2012
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eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated deal-making process, the kind of which he engaged with the president back in the summer of 2011. they weren't able to get the deal done then, but boehner seemed to be saying just here that he's willing to go back and renegotiation there and very conciliatory there at the end with the language to the president, mr. president, we are willing to be led. that's not the kind of rhetoric you heard from house republicans last summer, last year, before this election. so maybe there is a moment here post-election where things can change. i do want to add that harry reid, the senate democratic leader, was up on cap
eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated...
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Nov 9, 2012
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we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports overnight. then we did manage to confirm this and get the announcement that the cia director sent to the work force today. he says that he went to the white house and asked the president to be allowed for personal reasons to resign, that after 37 years of marriage, he showed, in his words, extremely poor judgment by engaging in an extramarital affair. he writes, such behavior is unacceptable as a husband and as the leader of an organization such as ours. this afternoon the president graciously accepted my resignation. he says as i depart, i want you to know it's been the gre
we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports...
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Nov 16, 2012
11/12
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we are following the developing story down in washington. talks at the white house as you heard between the president and congressional leaders just breaking up a short time ago. reaction immediate in the stock market as stocks rallied. came well off their lows and in positive territory now across the board. let's show you where we stand on this friday on wall street. as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow industrials down about 60 points. not that long ago with about a 100-point swing up 47 points now, better than one third of 1% and number of traders with me today. joe, john, simon, steve down on the floor of the new york stock exchange. doc, i'll go to you first. if there was a feeling of tone deafness in washington related to what the markets wanted, maybe they got what they wanted at least a little bit today seeing the reaction in stocks. >> nothing focuses the mind like the gallows and what was happening here. they were watching the markets melt down. th
we are following the developing story down in washington. talks at the white house as you heard between the president and congressional leaders just breaking up a short time ago. reaction immediate in the stock market as stocks rallied. came well off their lows and in positive territory now across the board. let's show you where we stand on this friday on wall street. as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow...
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Nov 9, 2012
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so is it now okay to weep in washington? we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your sch
so is it now okay to weep in washington? we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550...
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Nov 19, 2012
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so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but toward the end of the year, we'll test higher. >> do you believe this is a rise above rally? do you believe it won't hold? >> it's going to be very choppy. what bill mentioned about the 200-moving day rally, there's a sentiment when the market gets to a certain point, we're starting to see that, certainly with the clients we're talking to. yes, huge fear about the fiscal cliff but also is in the back of their mind fear about missing rally. they've already missed the rally in many cases. clients that have been sitting in cash. i think there is some bounce on this market. wheth
so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but...
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Nov 19, 2012
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it comes on renewed hopes in washington. will congress rise above and what does a fiscal cliff fix mean for your money? our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betber the market? >> no, not really. today is really positive action. we should have bounced here. and we did. especially when you look at apple. it was at a key level of support. today we acted the way it should. i don't know the that this correction has much further to go. i don't think one day's action calls it the end. i would pay specific attention today if you are trading or investing to a follow-through in small caps and emerging markets. that will give you a sign there's more oomph left. if those two areas stayed, i would say take the 1% plus gains and walk today. >> joe, talked about how dangerous it is to be short this market. >> yes. >> after we what we got friday, that more conciliatory tone in washington. >> options expiration has a lot do with what we are see something the marketplace today. i
it comes on renewed hopes in washington. will congress rise above and what does a fiscal cliff fix mean for your money? our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betber the market? >> no, not really. today is really positive action. we should have bounced here. and we did. especially when you look at apple. it was at a key level of support. today we acted the way it should. i don't know the that this correction has much further to...